Sendbird, a startup that enables developers to add messaging to their apps with a couple of lines of code, announced a secondary Series B investment of $50 million today. This additional funding comes on top of the $52 million, the company raised in February.
The new money was led by Tiger Global Management with significant participation from the Iconiq, the firm that led the initial Series B round. Today’s investment brings the total raised to over $120 million, according to Crunchbase data.
This is a huge investment for a Series B-level company, and what appears to be driving such a large influx of cash is a fast-growing market with tremendous [...]
If you use Google Maps, you’re giving away tons of data about who you are — that is, where you live, where you work, and where you spend your time. For all that information, though, it has still done its vital job: directing people to the places they needed to go. However, the company has slowly grown its profit motives for the app through the development of potential ad products and major pricing changes for its APIs.
Google Maps revenue expected to increase, following API price hikes and planned ads was written by the awesome team at Android Police.
This year at Google Cloud Next, the theme is all about supporting hybrid environments, so it shouldn’t come as a surprise that Apigee, the API company it bought in 2016 for $265 million, is also getting into the act. Today, Apigee announced the Beta of Apigee Hybrid, a new product designed for hybrid environments.
Amit Zavery, who recently joined Google Cloud after many years at Oracle, and Nandan Sridhar, describe the new product in a joint blog post as “a new deployment option for the Apigee API management platform that lets you host your runtime anywhere—in your data center or the public cloud of your choice.”
As with Anthos, the company’s [...]
Mailgun, an email API delivery service, announced today that it was selling a majority stake in the company to private equity firm Thoma Bravo. The companies did not share terms, but this is the second owner in the company’s 8+ year history.
Mailgun provides API services for building email functionality into applications. It has over 150,000 customers today using its APIs, according to data provided by the company.
In a blog post announcing the investment, CEO William Conway said the new money should help the company expand its capabilities and accelerate the product roadmap, a common refrain from companies about to be acquired.
“We will [...]